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Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
Euro area's trade surplus estimated at $11.48 bn in Apr 2025
Euro area recorded a trade in goods surplus of €9.9 billion (~$11.48 billion) with the rest of the world in April 2025, down from €13.6 billion in April 2024, according to first estimates by Eurostat. Meanwhile in the same period the European Union (EU) recorded a €7.4 billion (~$8.58 billion) surplus in trade in goods with the rest of the world, down from €12.8 billion in April 2024. Exports of goods totalled €243 billion for euro area, marking a 1.4 per cent decline compared to €246.5 billion in the same month last year. Imports from the rest of the world stood at €233.1 billion, a rise of 0.1 per cent compared with April 2024 €232.9 billion. In April 2025, the euro area balance declined significantly compared to March 2025, with the total surplus dropping from €37.3 billion to €9.9 billion. This decrease was mainly driven by a substantial reduction in the surplus of the chemicals sector, which fell from €42.8 billion to €22.1 billion. Euro area posted a trade surplus of €9.9 billion (~$11.48 billion) in April 2025, down from €13.6 billion in April 2024, while the EU surplus fell to €7.4 billion (~$8.58 billion). Euro area exports totalled €243 billion (â€'1.4 per cent), and imports €233.1 billion (+0.1 per cent). From January to April 2025, euro area exports rose to €1,004.9 billion and EU exports to €908.5 billion (+6.4 per cent). However, when compared to April 2024, the drop of euro area balance appears more moderate (down by €3.7 billion). This year-over-year (YoY) decrease is largely attributable to the lower surplus in the 'machineries & vehicles' sector, which declined from €16.8 billion to €12.8 billion. The deficit of energy products showed a modest improvement of €0.5 billion compared to the same month of the previous year. In January to April 2025, the euro area recorded a surplus of €71 billion, compared with €68.6 billion in January-April 2024. Between January and April 2025, euro area exports of goods to the rest of the world rose to €1,004.9 billion, marking a 5.5 per cent increase compared to the same period in 2024, while imports grew by 5.6 per cent to €933.9 billion. Intra-euro area trade also saw a modest rise, reaching €878.9 billion, up by 0.8 per cent YoY. In April 2025, extra-EU goods exports amounted to €218.2 billion, a decline of 1.9 per cent from €222.4 billion in April 2024. Imports from non-EU countries rose slightly by 0.5 per cent, reaching €210.7 billion compared to €209.7 billion a year earlier. The EU balance declined to €7.4 billion in April 2025, down significantly from €35.5 billion in March 2025. This drop was primarily driven by the contraction of the chemicals sector surplus, which fell from €41.6 billion to €20.4 billion—a reduction of over 50 per cent. However, compared to April 2024, when the total surplus was €12.8 billion, the decrease was more modest, amounting to €5.4 billion. The YoY decline is largely attributable to the balance of the 'machineries & vehicles' sector, which dropped from €21 billion in April 2024 to €15.2 billion in April 2025. In January to April 2025, the EU recorded a surplus of €58.9 billion, compared with €63.7 billion in January-April 2024. From January to April 2025, extra-EU exports of goods increased to €908.5 billion, up 6.4 per cent compared to the same period in 2024. Imports also rose by 7.5 per cent, reaching €849.6 billion. Intra-EU trade climbed to €1,379.5 billion, reflecting a 0.9 per cent rise over January—April 2024. Fibre2Fashion News Desk (SG)
Fibre2Fashion
25-04-2025
- Business
- Fibre2Fashion
Euro area trade surplus with rest of world estimated at â¬24 bn in Feb
The euro area recorded a trade surplus of €24 billion (~$25.68 billion) in goods with the rest of the world in February 2025, up from €21.7 billion in February 2024, according to the initial estimate by Eurostat. The euro area exports of goods to the rest of the world in February 2025 were €248.7 billion, an increase of 6.2 per cent compared to February 2024. In February 2025, the euro area posted a €24 billion (~$25.68 billion) trade surplus, up from €21.7 billion in 2024, with exports rising 6.2 per cent. The chemicals sector saw notable growth. From January-February 2025, euro area exports rose 4.5 per cent, imports 6.6 per cent. The EU recorded a €17.4 billion (~$18.62 billion) surplus in Jan-Feb 2025, down from €28.5 billion same period last year. In February 2025, the euro area surplus saw a substantial increase from €0.8 billion in January 2025. Compared to the same period last year, the surplus in the chemicals sector saw a remarkable increase, from €19.2 billion to €30.3 billion. Meanwhile, sectors such as machineries and vehicles and other manufactured goods experienced a slight decrease compared to February 2024, Eurostat said in a press release. In January to February 2025, the euro area recorded a surplus of €24.8 billion, a decrease compared with €32.3 billion in January-February 2024. The euro area exports of goods to the rest of the world rose to €480.9 billion (an increase of 4.5 per cent compared with January-February 2024), and imports rose to €456.1 billion (an increase of 6.6 per cent compared with January-February 2024). Intra-euro area trade rose to €429.1 billion in January-February 2025, an increase of 0.2 per cent compared with January-February 2024. In February 2025 compared with January 2025, euro area seasonally adjusted exports increased by 4.5 per cent, and imports increased by 2.0 per cent. The seasonally adjusted balance was €21.0 billion, an increase compared with the previous month of €14.4 billion. In the last three months, seasonally adjusted exports in the euro area increased by 4.6 per cent, while imports increased by 2.0 per cent, compared with September-November 2024. In the European Union (EU), extra-EU goods exports totalled €434.3 billion during January–February 2025, marking a 5.8 per cent rise compared to the same period in 2024, while imports grew by 9.1 per cent to €416.9 billion. As a result, the EU recorded a surplus of €17.4 billion (~$18.62 billion), compared with €28.5 billion in January-February 2024. Intra-EU trade remained steady at €671.8 billion during January-February 2025, showing no significant change compared to the same period in 2024. In February 2025, the EU surplus rebounded significantly compared to January 2025, rising from a deficit of €5.6 billion to a surplus of €23.0 billion. Compared to the same period last year, the chemicals sector witnessed a remarkable increase, with its balance rising from €17.3 billion to €28.6 billion. Meanwhile, sectors such as machineries and vehicles experienced a decrease of the balance, from €23.7 billion to €19.4 billion. Other manufactured goods shifted from a surplus of €2.6 billion to a deficit of €0.6 billion. In February 2025, compared to January 2025, seasonally adjusted exports from the EU27 rose by 4.8 per cent, while imports grew by 1.1 per cent. The seasonally adjusted trade balance reached €19.0 billion, up by €10.6 billion compared to January. In the last three months, seasonally adjusted exports and imports in the EU rose by 5.7 per cent and 2.7 per cent, respectively. Fibre2Fashion News Desk (SG)
